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Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion


Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion

Oromia Bank concluded the 2024/25 fiscal year with a positive performance. Profit before tax surpassed 12 billion Br, exceeding the target by 105 pc, while tax contributions rose to approximately 2.6 billion Br, up 155 pc from the previous year, reflecting disciplined financial management. For the first time, the bank successfully rebalanced its revenue and expense structure, allowing profits to grow significantly faster than costs. Customer engagement also reached new heights. The bank's customer base expanded to over 6.9 million, while more than 4.5 million users were active on the Oro Digital App as of June 30, 2025. Oromia Bank strengthened its digital offerings through collaborations with fintech partners, launching the Milkii App and the Milkii Digital Financing Platform, which now support over 80,000 borrowers. These initiatives have not only broadened financial inclusion but also boosted revenue through innovative digital solutions.

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Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


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ESX Names Yodit Kassa CEO in Leadership Handover

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Enat Bank Enlists Partners to Develop Gender Bond

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